Quest Resource (US:QRHC) Globenewswire·2026-03-12 21:07Core Insights - The company is experiencing improved underlying performance through strategic initiatives and new customer acquisitions, despite facing ongoing pressures from the sector and macroeconomic environment [1][5] - Significant share of wallet expansions have been launched with two major customers, and a new full-service restaurant customer has been onboarded [1][6] - The company has successfully reduced its debt by $2.0 million in the quarter, totaling a $13.2 million reduction for the year, which represents a 16.4% decrease [1][6] Fourth Quarter 2025 Highlights - Revenue for the fourth quarter was $58.9 million, reflecting a 15.8% decrease compared to the fourth quarter of 2024 and a 7.0% decrease from the third quarter of 2025 [6] - Gross profit was $9.1 million, down 15.1% from the fourth quarter of 2024 and down 20.6% from the third quarter of 2025 [6] - GAAP net loss was $1.7 million, an improvement from a net loss of $9.5 million in the fourth quarter of 2024 [6] Fiscal Year 2025 Highlights - Total revenue for the fiscal year was $250.2 million, a 13.3% decrease compared to the same period in 2024 [6] - Gross profit for the year was $42.5 million, a 14.9% decrease from the previous year [6] - GAAP net loss for the year was $15.4 million, slightly higher than the net loss of $15.1 million in 2024 [6] Recent Highlights - The company has launched a significant expansion with an existing retail customer and has seen positive traction with share-of-wallet initiatives [6][7] - The refinancing of the ABL credit facility with Texas Capital Bank has provided additional financial flexibility and covenant easements into 2027 [6][7] - The company is focused on operational efficiency and is optimistic about its outlook for 2026, despite current challenges [5][6]